Obama wants billions for infrastructure

President Obama will push Congress for billions of dollars in infrastructure investment during a visit to the Port of Miami on Friday.

His speech is expected to expand on ideas he laid out during his State of the Union address, including his proposal to create a $10 billion "national infrastructure bank" to leverage investment.

The proposals he will talk about Friday include providing subsidies for state and local bonds, raising caps on private activity bonds and exempting foreign pension funds from U.S. taxes when they profit from investments in U.S. infractructure.

"Investing in infrastructure not only makes our roads, bridges, and ports safer and gives our businesses and workers the tools to compete successfully in the global economy, it also creates thousands of good American jobs that cannot be outsourced," the White House said in a statement.